Summit County – Quarter 3 2019
Summit County holds some of Colorado’s most popular mountain and ski resort towns. People from around the country and across the world come to the area’s towns, which include Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, and Silverthorne, to ski, hike, bike, and just enjoy lifestyle these communities provide. Located just a few hours from bustling downtown Denver, these towns offer a seasonal escape from the city for many, while others opt to make these picturesque towns their full-time residence.
LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate for Summit County and the neighborhoods within it. From January to September of this year, compared to the same time span of 2018, the average price of homes in Summit County increased by 10.3%, making the average listing price $840,454. What’s more, the total dollar volume sold in the county also increased by 2.6%.
Highlights from Summit County include notable increases in average price for homes in Copper Mountain. Properties listed in this area rose in price by 27.9%, with an average price of $694,546, compared to last year when the average price was $543,246. Silverthorne and Wildernest saw speedier sales with average days on market decreasing by 16.7%. The typical amount of time a home in those towns will spend on the market is now 35 days as compared to 42 days during the same time frame last year.
Summit County is the ideal place to live for those who want to enjoy the mountains without being too far “off the grid,” and the increasing popularity and active real estate market reflect that.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated):
Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, and Silverthorne.